Charles Schwab Investment Management Inc. Acquires 108,602 Shares of Paycor HCM, Inc. (NASDAQ:PYCR)

Charles Schwab Investment Management Inc. boosted its position in shares of Paycor HCM, Inc. (NASDAQ:PYCR) by 28.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 488,779 shares of the company’s stock after buying an additional 108,602 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Paycor HCM were worth $6,936,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC boosted its stake in Paycor HCM by 950.7% during the 2nd quarter. CWM LLC now owns 2,385 shares of the company’s stock worth $30,000 after acquiring an additional 2,158 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Paycor HCM by 1,923.0% in the 3rd quarter. International Assets Investment Management LLC now owns 2,994 shares of the company’s stock worth $42,000 after purchasing an additional 2,846 shares during the period. Quarry LP bought a new position in Paycor HCM during the 2nd quarter worth about $69,000. Covestor Ltd lifted its holdings in shares of Paycor HCM by 29.4% in the third quarter. Covestor Ltd now owns 5,322 shares of the company’s stock valued at $76,000 after purchasing an additional 1,210 shares in the last quarter. Finally, HighMark Wealth Management LLC boosted its position in shares of Paycor HCM by 100.0% during the second quarter. HighMark Wealth Management LLC now owns 7,730 shares of the company’s stock worth $98,000 after buying an additional 3,865 shares during the period. 36.76% of the stock is owned by institutional investors and hedge funds.

Paycor HCM Stock Performance

Shares of PYCR opened at $19.59 on Thursday. The firm has a market cap of $3.52 billion, a PE ratio of -75.35, a price-to-earnings-growth ratio of 4.60 and a beta of 0.51. Paycor HCM, Inc. has a 52-week low of $10.92 and a 52-week high of $22.65. The business’s 50 day moving average price is $16.10 and its two-hundred day moving average price is $14.09.

Insider Activity

In other Paycor HCM news, Director Jeremy Rishel sold 3,723 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $14.02, for a total transaction of $52,196.46. Following the completion of the sale, the director now owns 21,218 shares in the company, valued at approximately $297,476.36. The trade was a 14.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.39% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PYCR. Stephens began coverage on shares of Paycor HCM in a research note on Wednesday, October 16th. They set an “overweight” rating and a $18.00 price target for the company. BTIG Research decreased their price objective on Paycor HCM from $26.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Needham & Company LLC restated a “buy” rating and issued a $20.00 price target on shares of Paycor HCM in a research note on Friday, November 22nd. JPMorgan Chase & Co. cut their price objective on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Finally, Citigroup upped their price target on shares of Paycor HCM from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.56.

Paycor HCM Profile

Paycor HCM, Inc, together with its subsidiaries, provides software-as-a-service (SaaS) human capital management (HCM) solutions for small and medium-sized businesses (SMBs) primarily in the United States. It offers cloud-native platform to address the comprehensive people management needs of SMB leaders.